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£4.5m Wales portfolio hits the market

By James Buckley - Tuesday, February 06, 2018 9:29

Savills, on behalf of a private client, has brought to the market a portfolio of 13 retail, office and residential properties across south Wales. Offers over £4.5m are invited for the portfolio.

The thirteen properties provide an annual income of £396,180, three quarters of which is generated by commercial properties that account for the majority of the portfolio. With an AWULT of 6.26 years, tenants include estate agents Peter Alan, Papa Johns and Three Mobile.

Ross Griffin, investment director at Savills Cardiff, said: “This portfolio provides an investor the chance to acquire a collection of well located assets, many with significant asset management opportunities. The locations of the properties, in some of the largest towns in south Wales, combined with the strong retail covenants leads us to expect interest from a range of investors.”

The properties included in the portfolio are: 131 High Street, Blackwood; 22 Dunraven Place, Bridgend; 30-32 Churchill Way, Culverhouse Cross and 7 Thornhill Road in Cardiff; 26/26a in Cowbridge, 77/78 Woodfield Street & 51 Crown Street in Morriston; 41 Alfred Street and 1a Wind Street, both in in Neath; 75 Bridge Street in Newport; 58 John Street in Porthcawl; 17-19 Dillwyn Street and 49 Mansel Street in Swansea.

jbuckley@costar.co.uk

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